OCAP Legislative Update


Second Notice of Proposed Rulemaking Issued

The U.S. Department of Education recently issued an electronic announcement of a second Notice of Proposed Rulemaking (NPRM), based on the negotiated rulemaking sessions held between January and March, 2012, that will be published in the Federal Register within the next several days. The first NPRM from these sessions was published on July 17, 2012, and addressed changes to the Income-Contingent and Income-Based Repayment plans, as well as changes to the disability discharge provisions. The second NPRM includes all remaining proposed regulations on the negotiating committee's agenda.

The announcement includes a draft of the forthcoming NPRM, as well as the "redline" versions of relevant Federal Family Education Loan (FFEL) and Direct Loan regulations in PDF format.

Mary Heid
Director for Default Prevention, Compliance & Training Services
OCAP Communications
P.O. Box 3000
Oklahoma City, OK 73101-3000